XRP price leaps nearly 20%, leaves investors confused

[sell100]

It’s been a good news week for XRP, and it’s creator Ripple, but a 20% spike in its value – and an accompanying explosion of volume – has left even its dedicated supporters confused as to what’s going on. Just after midday today (GMT+1, 7am EDT) the price of XRP began a sharp spike upward […


Read the full article at：https://www.trackcoinmarket.com/en/crypto-news/28490/xrp-price-leaps-20-leaves-investors-confused

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[vy99]

We shouldn't talk about XRP in here...put it in the altcoin room or something.

[pageraji]

We shouldn't talk about XRP in here...put it in the altcoin room or something.

hey man this is altcoin speculation, i think op have right to write about xrp here, something wrong with that?

[Hopetruel]

We shouldn't talk about XRP in here...put it in the altcoin room or something.

hey man this is altcoin speculation, i think op have right to write about xrp here, something wrong with that?

there's nothing wrong with us discussing the price of XRP here,
because this is a thread for altcoin, so it's safe, I think so

[batang_bitcoin]

It's pumped now by 22.34%

That article you gave redirects the whole article to another website for the Read More.

What's with that?

I wouldn't be surprised if XRP would dump after this.

[AdamRay]

It's pumped now by 22.34%

That article you gave redirects the whole article to another website for the Read More.

What's with that?

I wouldn't be surprised if XRP would dump after this.

  I feel this incident is no surprise. Because XRP is a very capital intensive business because it is linked by six major banks in different countries. I think XRP still stands at No. 3 this long and get investors more from this pumping phase.

[batang_bitcoin]

It's pumped now by 22.34%

That article you gave redirects the whole article to another website for the Read More.

What's with that?

I wouldn't be surprised if XRP would dump after this.

  I feel this incident is no surprise. Because XRP is a very capital intensive business because it is linked by six major banks in different countries. I think XRP still stands at No. 3 this long and get investors more from this pumping phase.

What we can expect from this centralized coin/company?

They can boost their market anytime they want but just to be sure of it and just want to let the people see that they are legitly operating and making it look like decentralized, they wouldn't do that. Investors who would invest during the pumping time is FOMOing.

[leea-1334]

The only big news I could see recently about Ripple is more cross border banking news on the Ripple network, although this time it also mentioned that it will use XRP, unlike before where nobody needed or was talking about using XRP,,, then again all this news has failed so far to take effect on price.

Looks just like more volume and people wanting to stock up on XRP. Maybe someone or someones are sensing the bull market returning in 2019? You never know with these things.

[azalea69]

I think XRP will have a good opportunity, with current developments giving one good thing for the future.
It is unpredictable for this, just think positively for XRP better.

[makishart]

It's pumped now by 22.34%

That article you gave redirects the whole article to another website for the Read More.

What's with that?

I wouldn't be surprised if XRP would dump after this.

  I feel this incident is no surprise. Because XRP is a very capital intensive business because it is linked by six major banks in different countries. I think XRP still stands at No. 3 this long and get investors more from this pumping phase.

What we can expect from this centralized coin/company?

They can boost their market anytime they want but just to be sure of it and just want to let the people see that they are legitly operating and making it look like decentralized, they wouldn't do that. Investors who would invest during the pumping time is FOMOing.

A short term pump and no more. It will be back again to the bottom. You guys are holding ripple must sell your coin to take the profit.
Just because it was getting a pump and that means if ripple has a lot of advantage. There was bunch of coins that have a better technology than it. DAG cost zero fees and instant transaction.
only another short term FOMO.

[batang_bitcoin]

It's pumped now by 22.34%

That article you gave redirects the whole article to another website for the Read More.

What's with that?

I wouldn't be surprised if XRP would dump after this.

  I feel this incident is no surprise. Because XRP is a very capital intensive business because it is linked by six major banks in different countries. I think XRP still stands at No. 3 this long and get investors more from this pumping phase.

What we can expect from this centralized coin/company?

They can boost their market anytime they want but just to be sure of it and just want to let the people see that they are legitly operating and making it look like decentralized, they wouldn't do that. Investors who would invest during the pumping time is FOMOing.

A short term pump and no more. It will be back again to the bottom. You guys are holding ripple must sell your coin to take the profit.
Just because it was getting a pump and that means if ripple has a lot of advantage. There was bunch of coins that have a better technology than it. DAG cost zero fees and instant transaction.
only another short term FOMO.

During this time its tempting for those holders not to sell because greed is coming after them.

They would think that this pump will continue but selling now is a total profit. We can't help them and can't blame them if they will decide not to sell now. As long as they are aware of our suggestions and we delivered it to them as a tip, it's up to them on how they'll move.

[TravelMug]

Maybe this is the reason for a massive pump right now:

https://ambcrypto.com/xrp-was-piloted-with-12-banks-before-xrapid-launch-clarifies-ripple-executive/

XRP was piloted with 12 banks before xRapid launch, clarifies Ripple executive

Ripple’s Head of Government and Regulatory Relations for APAC and the Middle East, Sagar Sarbhai, recently spoke at a FinTech conference concerning the use of XRP by banks. He also revealed previously unknown information regarding banks and the creation of the xRapid product.

A lot has fomo'ed on this news and maybe the primary reasons, why the price spike in the last 24 hours. I'm not sure though, the whole argument that XRP is centralized and banking sector can someone control makes me to stay away with this coins. So for those who wanted to ride the hype train, just a fair warning, don't get yourself trap after the whole hype died down.

[Moxivuki]

I am also confused about this. Just as we all think that XRP may continue to be in a downturn, its price suddenly grows by 20%. I am also looking for an answer!

[bobo012]

I am also confused about this. Just as we all think that XRP may continue to be in a downturn, its price suddenly grows by 20%. I am also looking for an answer!

Could be some insider that knows something, but it also doesnt need any big money to move market now, there is little volume in the altcoin markets right now

[tomahawk9]

There are some thing that could've caused this spike. One could be somethin related to xRapid and how financial institutions are looking into it to perform cross-border payments. Perhaps I missed the news but maybe there's something out there related to xRapid.

Second, it could be because of this: https://dailyhodl.com/2018/09/18/you-can-now-accept-xrp-on-youtube-and-twitch/

It seems like Coil is now monetizing websites like Youtube, Wikipedia, and Twitch, this allows people to donate to those websites using XRP. I wouldn't be surprised if investors are now pouring capital into the XRP ecosystem because of this news.

[auliahr]

for me it is not surprising, because all of this is a pump and this increase will be temporary, see later the price will go down again. partnership with banks is always done ripple and maybe this is what triggers the increase in prices.

[Jianx]

I see in Indonesia many people do large-scale seminars about XRP, what products they introduce but maybe that can make XRP even bigger,I hope that really happens for all

[Anarchist]

The hype is probably caused by PNC bank joining RippleNet. If you were looking to make a quick profit today you're probably late as the peak ended and the price will probably go down or stay at the same rate, at the best.

[pitiflin]

Maybe this is the reason for a massive pump right now:

https://ambcrypto.com/xrp-was-piloted-with-12-banks-before-xrapid-launch-clarifies-ripple-executive/

XRP was piloted with 12 banks before xRapid launch, clarifies Ripple executive

Ripple’s Head of Government and Regulatory Relations for APAC and the Middle East, Sagar Sarbhai, recently spoke at a FinTech conference concerning the use of XRP by banks. He also revealed previously unknown information regarding banks and the creation of the xRapid product.

A lot has fomo'ed on this news and maybe the primary reasons, why the price spike in the last 24 hours. I'm not sure though, the whole argument that XRP is centralized and banking sector can someone control makes me to stay away with this coins. So for those who wanted to ride the hype train, just a fair warning, don't get yourself trap after the whole hype died down.

Really? XRP keeps partnering with banks, but that doesn't do shit most of the time. I think something else is going on here. Searching for it online gets me nowhere.

There are some thing that could've caused this spike. One could be somethin related to xRapid and how financial institutions are looking into it to perform cross-border payments. Perhaps I missed the news but maybe there's something out there related to xRapid.

Second, it could be because of this: https://dailyhodl.com/2018/09/18/you-can-now-accept-xrp-on-youtube-and-twitch/

It seems like Coil is now monetizing websites like Youtube, Wikipedia, and Twitch, this allows people to donate to those websites using XRP. I wouldn't be surprised if investors are now pouring capital into the XRP ecosystem because of this news.

Yeah? Well twitch is getting more popular, so that could be a reason. Just feels like a pump for something that is stupider than this. Its Ripple afterall. Centralized shitcoin.

[vy99]

We shouldn't talk about XRP in here...put it in the altcoin room or something.

hey man this is altcoin speculation, i think op have right to write about xrp here, something wrong with that?

This wasn't originally in the altcoin speculation room it was in the "Press" section which should be about Bitcoin. You're only seeing it here now because it was moved into this room.